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Crude futures fell as much as 15% from Monday's highs on March 23 after Trump said White House representatives were in talks with Iran. WTI traded as low as $84.37 from an intraday high of $101.67, and ULSD futures dropped below $4.31 per gallon.
Sharp swings in crude and diesel futures shift the cost of freight and processing, and the volatility makes forward feed cost planning harder.
dtnpf.comBarani KrishnanMar 23, 2026After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.
After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
After 51 past bearish geopolitics events, ULSD / Diesel moved a median -2.4% over 5 sessions (37% higher; middle half -8.2% to +3.9%), and -2.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Crude fell as much as 15% from highs on March 23 after Trump cited talks with Iran, the same catalyst for the intraday collapse.
